1527 Nnw Loop Tyler, TX 75702
- Retail properties
- 8,000 SF
- 1.23 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1527 Nnw Loop
- Year built
- 2003
- Lot size
- 1.23 lot acres
- Property size
- 8,000 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This freestanding, 8,000 square foot retail building, formerly a Family Dollar, is situated on a 1.228-acre lot in Tyler, Texas. Located at 1527 NNW Loop 323, this property boasts high visibility due to its location on a busy thoroughfare with over 27,000 vehicles passing daily. The building, constructed in 2003, features a single story and is zoned C-1. The property offers a stabilized investment opportunity with a current Net Net Net (NNN) lease in place with Family Dollar for over four years. The asking price is $960,000, representing a price per square foot of $120 and a 7.04% capitalization rate based on a net operating income (NOI) of $67,584. The property's proximity to Tyler High School and numerous residential neighborhoods provides a strong built-in customer base. A newly constructed 7-Eleven is located adjacent to the property, further enhancing its desirability. The property's APN is 1-50000-1262-00-015010. This is a prime opportunity for investors seeking a stable, high-traffic retail investment in a growing Texas market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tyler
- County
- Smith
- State
- Texas
- Longitude
- -95.3431
- Latitude
- 32.3686
